"We're creating a truly jaw-dropping new world that's going to transport our guests right into the Star Wars story," Iger said.

Iger said the new land will have two main attractions, including a pilot ride in Han Solo's Millennium Falcon. Earlier this year, the park closed some of its Frontierland attractions to begin planning for the Star Wars expansion.

"It is the first film in history to exceed $900 million in domestic box office and it has surpassed $2 billion worldwide, more than doubling the last Star Wars movie which was released 10 years ago," Iger said. "So, clearly the force is with us."

Iger also said that the next Star Wars movie has already been shot, and that the third has already begun preproduction.